Stocks Down Under 3 August 2020: GPT Group, Karoon Energy, Weebit Nano
GPT Group: Undervalued property play with nice yield
Sydney-based GPT Group is a major property company. Since becoming the first ASX-listed property trust in 1971, GPT Group (formerly General Property Trust) has become one of Australia's largest diversified property groups. It owns a diversified portfolio of retail, office and logistics assets valued at $25.3bn and has a growing investor base of 32,000 shareholders. A $12.6bn funds management platform focused on 25 office and retail properties rounds out the business. The shares are down over 36% year-to-date, offer a 5.7% distribution yield and look undervalued to us.
Also in today's edition, Brazilian adventures with Karoon Energy and ReRAM developer Weebit Nano.
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